Deposit Protection Scheme

Tenants Deposit

If you take a deposit from a tenant it must be held in an authorised 3rd party account. It is no longer acceptable to hold the deposit in your own account.

From the 6th of April 2006, all deposits on an Assured Shorthold Tenancy Agreement with an annual maximum of £25,000 taken by a Landlord in England and Wales, have to be protected by an authorised tenancy deposit scheme.

The Deposit Protection Scheme

This service is FREE to landlords visit www.depositprotection.com

Telephone  – 0870  707 1708

The service is funded entirely from interest earned from the deposit’s the scheme holds. Landlord’s can register and make transactions on line.

We would be more than happy to lodge your tenants deposit with the DPS (Deposit Protection Scheme) on your behalf. Our administration charge for this service is charge £75.00 (inc v.a.t.)



Let My Property - As a lettings agency You Let Direct provide the following services for property landlords in the UK: Landlord Tenant Act Advice - Landlord Obligations - Landlord Responsibilities - Landlord Services - Tenants Deposits - Landlords Advice - Landlord Tenant Law - Credit Rating Checks - Landlord Certificates. You Let Direct are one of the foremost Letting Agencies in the UK for landlords.